Better Mortgage taps NY Fed economist to head credit risk

Sean Hundtofte also assumes the company's chief economist post

Better Mortgage taps NY Fed economist to head credit risk

Digital mortgage lender Better Mortgage has appointed Sean Hundtofte as head of credit risk and chief economist.

Hundtofte was most recently a financial economist at the Federal Reserve Bank of New York.

In his new role, Hundtofte will evaluate risk as well as lead the research and analysis of economic trends and policy matters affecting Better clients.

Hundtofte brings housing finance research and economic forecasting experience to his new role. While at the New York Fed, he evaluated financial sector risk and pursued research on household finance and banking.

Earlier in his career, he managed mortgage and consumer loan investments for credit investment firm Varde Partners and prior to that was an associate in the portfolio construction group at Bridgewater Investments.

“I am thrilled to work at a company that is dedicated to empowering prospective homebuyers to take control over what is perhaps the most significant financial transaction of their lives. At Better, I will have the opportunity to apply my knowledge and expertise to real-world consumers, while working with a team whose vision for a socially conscious change in mortgage lending matches my own,” Hundtofte said. “Better offers buyers a straightforward, informative approach to home-buying, and I hope to enhance this further through my research and understanding of this marketplace.”